It was reported that ThyssenKrupp planned to set up a procurement center in India as a raw material supply hub for its engineering business, which was aimed to turn the engineering business sector into a profit.
The main business of the engineering business sector was to build factories for chemical, fertilizer, cement and mining industries through turnkey projects.
Marcel Fasswald, Chief Executive Officer (CEO) of ThyssenKrupp Industrial Solutions, said that with India as a global market center for some products and local low-cost advantages, they would expand their market share in India and continue to increase staff in Indian companies.
Indian latest government budget included a major investment plan aimed at boosting infrastructure, rural consumption and foreign investment, as well as strengthening infrastructure such as roads, bridges and electricity, which will bring a larger share of orders to ThyssenKrupp.
Source from Yieh Corp
|
